Informal analysis of the 'Economy'

Hi,

I'm a gloom 'N doom sort of guy, so I tend to easily notice gloomish stuff.

As a chart reader you have to read the chart, not read stuff into it. Maybe my tendency to see what I want to see was why I never made $$$ as a daytrader.

I just looked at the daily INDU, and using Joe Ross's rules, if I'm doing so correctly, today if it goes down past yesterday's lows it's in what Joe called a "confirmed downtrend." (It's already had a breakout of a 1-2-3 High.)

Best,

- Boyd